Business Insider, Oct. 12, 2020–Alicia PhaneufExpediting the mortgage loan application and approval process for future homeowners is top of mind for both incumbents and startups. Automated mortgage underwriting can help …
Category: Top National News
U.S. Life Insurers May Face Spike in Mortgage Loan Losses: Fitch
ThinkAdvisor, Oct. 12, 2020–Les ShaverFitch Ratings expects life insurers to see 50% more losses on mortgage loans than what they saw during the Great Recession.https://www.thinkadvisor.com/2020/10/12/u-s-life-insurers-may-face-spike-in-mortgage-loan-losses-fitch/
Snapdocs Raises $60M to Manage the Mortgage Process in the Cloud
Tech Crunch, Oct. 12, 2020–Ingrid LundenSnapdocs, which is used by some 130,000 real estate professionals to digitally manage the mortgage process and other paperwork and stages related to buying a …
Mortgage Refinancing is About to Get More Expensive–Here’s Why
Fox Business, Oct. 12, 2020–Rebecca LakeBeginning December 1, Fannie Mae and Freddie Mac will begin charging a 0.5% adverse market fee to refinance your mortgage. If you’ve been considering a …
A Longstanding Tax Break for Real Estate Investors Could be Coming to an End
MarketWatch, Oct. 12, 2020–Bill BischoffThe IRS recently issued new regulations affecting Sectin 1031 like-kind exchanges.and the Nov. 3 election could determine its future as well.https://www.marketwatch.com/story/a-longstanding-tax-break-for-real-estate-investors-could-be-coming-to-an-end-11602282199
SEC Probes Small Bond Trades That Lead to Big Returns
Wall Street Journal, Oct. 12 2020–Justin Baer (subscription)‘Odd lot’ buying in mortgage portfolios is attracting scrutiny.https://www.wsj.com/articles/sec-probes-small-bond-trades-that-lead-to-big-returns-11602495001?
Feeding the Capital Markets Beast and Figuring Out Pricing in a Time of Extraordinary Uncertainty
HousingWire, Oct. 9, 2020–James KleimannPanelists at HousingWire Annual talk rise of the nonbank, regulatory challenges, IPOs, technology, the upcoming adverse-market fee and more.https://www.housingwire.com/articles/feeding-the-capital-markets-beast-and-figuring-out-pricing-in-a-time-of-extraordinary-uncertainty/
A Longstanding Tax Break for Real Estate Investors Could be Coming to an End
MarketWatch, Oct. 12, 2020–Bill BischoffThe IRS recently issued new regulations affecting Sectin 1031 like-kind exchanges.and the Nov. 3 election could determine its future as well.https://www.marketwatch.com/story/a-longstanding-tax-break-for-real-estate-investors-could-be-coming-to-an-end-11602282199
ATP Scoring Paves New Path to Financial Inclusion
HousingWire, Oct. 9, 2020–Michael A. CovingtonThe conventional credit scoring system has a serious problem with excluding people who could be good customers. Nearly 50 million Americans — disproportionately including the …
CFPB Issues New Marketing Services Agreement Guidelines
National Mortgage News, Oct. 9, 2020–Brad Finkelstein (subscription)The change brings clarity to what is permissible in an MSA, rather than the regulation by enforcement used by the bureau under Richard …